Technical analytics

GBPUSD market technical outlook


Daily chart:

Market remains in a downward movement phase. And it looks like the movement might be cut only at the area of the last structure’s low (1.2870).


Downward structure is getting ready to switch to corrective upswing. Its development potential will reside at the pivot-zone 1.2970-1.2974, where bears can take the driver’s seat again.


Upward reversal from 1.2870 and start of correction in direction 1.2970.

Trading recommendations:

Longs from 1.2870 to 1.2970. 


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